Peterson McVicar Acts for Velocity Trade Capital Ltd. in Osisko Metals Life Financing of Flow-Through Shares for CAD$3.5M

On July 12, 2023 Osisko Metals Incorporated (the “Company” or “Osisko Metals“) announced that it has
closed its previously-announced “best efforts” private placement offering, pursuant to which Osisko
Metals issued an aggregate of 8,750,0000 common shares of the Company (each, a “FT Share“) that will
qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada) (the “Tax Act“) and
the Taxation Act (Québec) at a price of $0.40 per FT Share (the “Offering Price“) for aggregate gross
proceeds to the Company of $3,500,000 (the “Offering“), including the exercise in full of the Agents’
option.
The Offering was completed pursuant to the terms of an agency agreement dated July 12, 2023 among
the Company and a syndicate of agents including Velocity Trade Capital Ltd. as lead agent and sole
bookrunner, and Haywood Securities Inc. (collectively, the “Agents“).
In consideration for the services rendered by the Agents in connection with the Offering, the Company
paid the Agents an aggregate cash commission of $245,000 and issued the Agents an aggregate of
612,500 non-transferable broker warrants of the Company (each, a “Broker Warrant“). Each Broker
Warrant entitles the holder thereof to purchase one common share of the Company at a price of $0.25
per common share until January 12, 2025.
The FT Shares were issued and sold pursuant to the “Listed Issuer Financing Exemption” available under
Part 5A of National Instrument 45-106 – Prospectus Exemptions (the “LIFE Exemption”).
Osisko Metals Incorporated (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) a Canadian exploration
and development company creating value in the critical metals space, specifically copper and zinc.
The Company has also acquired a 100% interest in the past-producing Gaspé Copper Mine, located near
Murdochville in the Gaspé peninsula of Québec.

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